| 1 |
Ultimate burden of tax is known as |
Impact
Incidence
shifting of tax
Property tax
|
| 2 |
Which of the following is not a direct tax? |
Income tax
Property tax
Sales tax
House tax
|
| 3 |
To control inflation the central bank should do: |
To sell government securities and to decrease bank rate
To sell government securities and to increase bank rate
To purchase government securities and to increase bank rate
To purchase government securities and to decrease bank rate
|
| 4 |
Who is a Lame Duck in a stock market? |
A Naive investor
A new investor
A member of the stock exchange who cannot meet his obligations:
A member of the stock exchange who is engaged in insider trading
|
| 5 |
According to the utility model of consumer demand the law of diminishing marginal utility indicates that the demand curve is: |
Downward sloping
U-shaped
Upward sloping
Vertical
|
| 6 |
Which theory is generally included under micro economics? |
Price Theory
Income theory
Employment Theory
None of these above
|
| 7 |
The first Stock Exchange of the world is |
Mumbai
New York
Amsterdam
Tokyo
|
| 8 |
Which of the following concepts is not an explanation to why the aggregate demand curve is downward sloping? |
Wealth Effect
Exchange Rate Effect
Interest Rate Effect
Production
|
| 9 |
Who has given scarcity definition of economics? |
Adam Smith
Marshall
Robbins
Robertson
|
| 10 |
"Economics is what economics do" it has been supported by: |
Richard Jones
Comte
Gunnar Myrdal
All of the above
|
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